Additional Details

• Important Details: --> CBS home with new metal roof! -->Probate
• Features: CBS home with new metal roof in Starke! This 3 bedroom, 1 bathroom features 1200 sqft of living area. Property sits on a 0.17 acre lot near Starke Golf & Country Club and minutes from historic downtown Starke. Property is currently in probate. Dual-exit opportunity for either a cash-flowing rental or a profitable flip! Get this deal while you can!
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $200,000 - $220,000
• Rehab Description: For a flip or rental, a full renovation is needed. Replace kitchen, bathrooms, flooring, windows/trim/fixtures, and drywall/paneling throughout including ceiling repair from prior damage. Optionally, consider adding second bathroom and central HVAC during remodel to add value. Electrical and plumbing will all need attention but are functional. Metal roof is new, soffit/fascia will need repair/replacement. Apply fresh interior paint throughout and pressure wash and paint the exterior to boost appeal.
• Estimated Rehab: $70,000 - $80,000
• Comparable Rent: $1,300
• Construction: CBS
• Comp 1: 2027 NE 156th St, Starke, FL 32091 (3/2, 1152 sqft.) SOLD for $230K in MARCH (1966 build, Only 27 days on market. Smaller. In same pocket. Fully updated.)
• Comp 2: 365 E Mimosa St, Starke, FL 32091 (3/2, 1653 sqft.) PENDING for $250K in FEBRUARY (1976 build, Rental condition)
• Comp 3: 1531 NE State Road 16, Starke, FL 32091 (3/2, 1586 sqft.) ACTIVE for $250K (2004 build, Semi-dated interior)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab